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Exchange Rate Developments and Related Issues
Assessment and Conclusion
1 other sections not shown
auction markets auction system authorized dealers balance of payments central bank commercial banks currency deficits domestic inflation Dutch auction effective exchange rates exchange rate developments exchange rate instability exchange rate regimes exchange rate systems external debt factors ﬁg floating exchange rate floating floating floating floating regimes foreign exchange gﬂugu Guinea imbalances impact increased initial instability in exchange interbank market International Monetary Fund introduction of floating limited logarithmic mean market participants measures Moreover nine African countries NOMINAL EFFECTIVE EXCHANGE official market interventions percent period policies private sector problems producer prices public enterprises public sector real effective exchange reforms regular markets Relative prices rent-seeking resource allocation resulted saopd Sept short-term exchange rate short-term fluctuations short-term instability Sierra Leone substantial transactions trend depreciation trend-corrected U.S. dollar unified auction units per U.S. urban incomes